NYMEX

NYMEX (New York Mercantile Exchange) is one of the world’s largest commodity futures exchanges. It allows trading of energy and metal contracts, including crude oil, natural gas, gold, and silver. NYMEX provides a platform for investors, producers, and consumers to manage price risks and speculate on future prices. The exchange plays a crucial role in setting global benchmarks for energy and metal prices, contributing to market transparency and efficiency in the commodities sector.